AIG Names Kim Garland Chief Underwriting Officer for Global Consumer
Insurance
Donna DeMaio named President and CEO of United Guaranty Corporation
Business Wire
NEW YORK -- December 04, 2012
American International Group, Inc. (NYSE:AIG) today announced that Kim Garland
will join AIG Property Casualty as Chief Underwriting Officer for Global
Consumer Insurance, transferring from his position as President and Chief
Executive Officer of AIG’s United Guaranty Corporation (UGC).
In this role, Mr. Garland will be responsible for the Consumer book of
business underwriting results globally. He will establish the risk appetite
and profile for the business, and work with the business lines and regions to
establish and drive the strategy for each product line. Mr. Garland will
report to Jeff Hayman, CEO of Global Consumer Insurance.
Mr. Garland joined UGC in 2009 as Chief Operating Officer. Before that, he
spent more than 20 years in the personal lines business working for Safeco and
GEICO. Mr. Garland holds a bachelor’s degree in Mathematics from Florida State
University and a master’s degree in Mathematics from the University of
Virginia. He is a Fellow of the Casualty Actuarial Society.
Donna DeMaio will succeed Mr. Garland as President and CEO of United Guaranty,
reporting to Peter Hancock, Chief Executive Officer of AIG Property Casualty.
In her new role, Ms. DeMaio will be responsible for the profitability and
growth of the business. Previously, Ms. DeMaio was UGC’s Chief Operating
Officer. Before that, Ms. DeMaio was President and CEO of MetLife Bank, and
earlier, its Chief Financial Officer. Prior to joining MetLife, Ms. DeMaio was
a partner with PricewaterhouseCoopers. She is a CPA and holds a bachelor’s
degree in Accounting and Business from Muhlenberg College.
Mr. Hancock said, “AIG will benefit from Kim and Donna’s talent, knowledge,
and leadership in their new roles. Kim’s experience in property casualty and
mortgage insurance will help our Consumer Insurance business advance its
pricing sophistication, and his experience in product development will further
our ability to create and deliver innovative products around the world.
Donna’s strong background in finance and insurance will help ensure UGC
continues to offer leading private mortgage insurance that helps mortgage
lenders remain competitive while continuing to grow the value of our
business.”
American International Group, Inc. (AIG) is a leading international insurance
organization serving customers in more than 130 countries and jurisdictions.
AIG companies serve commercial, institutional, and individual customers
through one of the most extensive worldwide property-casualty networks of any
insurer. In addition, AIG companies are leading providers of life insurance
and retirement services in the United States. AIG common stock is listed on
the New York Stock Exchange and the Tokyo Stock Exchange.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International Group,
Inc. For additional information, please visit our website at www.aig.com. All
products and services are written or provided by subsidiaries or affiliates of
American International Group, Inc. Products or services may not be available
in all jurisdictions, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent third
parties. Certain property-casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate in state
guaranty funds, and insureds are therefore not protected by such funds.
Contact:
American International Group, Inc.
News Media
Jon Diat, 917-239-9241
Jon.Diat@aig.com
or
Investment Community
Liz Werner
Elizabeth.Werner@aig.com